Tax

The $839.5 million Harris County Hospital District bond sale will tap $2.5 billion of voter-approved debt authorization for a $3.2 billion expansion project.

Munis yields followed UST yields higher Monday, rising one to four basis points, depending on the scale, but the asset class outperformed USTs.

Federal Reserve Gov. Adriana Kugler said in a speech in Dublin that trade barriers could soon affect prices and slow down growth while increasing uncertainty in 2025.

"I'm worried about rates," muni market strategist Vikram Rai said during a webinar Thursday.

Muni advocates are watching the SALT cap negotiations closely, as the outcome may be influence if other revenue raisers, like axing the muni tax exemption, come into play.

Legislation would overhaul Dallas Area Rapid Transit's financial structure in a way that could impact outstanding debt and derail bonds for Austin light rail.

"As we head into reconciliation and tax negotiations, I'm making it clear: I won't support a bill that doesn't lift the cap," Rep. Mike Lawler said.

The ratings agency is growing more pessimistic about the United States economy.

April's volume was revised upward to $45.825 billion in 727 issues, up 2% from $44.945 billion in 707 issues in the same period in 2024, according to revised LSEG data.

Attracting more private investment to the affordable housing sector is becoming more urgent with the reintroduction of a bill in the Senate that could spur the use of private activity bonds.

Fiscal 2026 general fund revenue for the city, which is considering a November bond election, is expected to be flat amid economic uncertainty fueled by tariffs.

The law Indiana Gov. Mike Braun signed earlier this month will make it harder for local governments and school districts to issue bonds.

The tax exemption is in the eye of a legislative storm to extend President Donald Trump's Tax Cuts and Jobs Act, but is it only the start of what's to come?

Industry leaders at The Bond Buyer's Texas Public Finance event discuss how tax policy threats, tariffs, and federal budget cuts could create a new paradigm for muni borrowing costs and credit resilience.

The $500 million deal was delayed after the tariff announcement rocked the markets. It has priced, but offering documents include new trade war disclosures.

Tariffs imposed by the Trump administration are already affecting port operations as Moody's has revised the U.S. ports sector to a negative outlook reflecting an expected 7%-12% decline in volume.

Losing its 501(c)(3) status could cost Harvard $500 million annually.

The lawsuit contends that only Congress has the power to set tariffs that the president has unilaterally increased.

The Federal Reserve governor remains optimistic about tariffs being a one-time shock to prices, but the central bank still needs more clarity about what the policies will look like.

The International Monetary Fund lowered its economic growth projections for 2025, citing policy uncertainty. It also urged central banks to stand ready to use macroprudential tools to facilitate lending in a potential recession.